Which Best Describes Legal Realism's Beliefs in Relation to the Discretion

question 97

Multiple Choice

Which best describes legal realism's beliefs in relation to the discretion within the law?

• A) Professionals must follow the law exactly as it is written.
• B) Professionals make judgments to give law meaning.
• C) It is morally wrong to pick and choose who to protect through enforcement of law.
• D) None of the above.

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Definitions:

Par Value

Par value, also known as nominal value, is the legally documented worth of a security's share, such as stocks or bonds, at the time of its issuance.

Stockholders

Individuals or entities that own shares in a corporation, providing them ownership interest.

Prior Period Adjustments

Adjustments made to the financial statements to correct errors or omissions in the financials of previous reporting periods.

Unacceptable Accounting Practices

Methods or practices that are not in accordance with generally accepted accounting principles (GAAP) or ethical standards.